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Posted on May 17, 2011 | tags

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Biz: Hewlett-Packard blames Japanese earthquake for problems

$5 the earnings per share Hewlett-Packard, the PC maker, expects to make by the end of the fiscal year; their shares are up from May 2010
$5.24 the earnings per share Wall Street expected; their stocks fell because of the predicted hardships that lie ahead for the company source

» A leaked memo from the CEO is to blame: The memo by Leo Apotheker caused the company’s stocks to fall. He cited the Japanese earthquake and weak PC sales as reasons to reduce hiring and prepare for another rough quarter. Even though their stocks are up from last year, they aren’t meeting market predictions, causing people to sell their shares in the company. Apparently, it’s causing the stock market to slow down overall. Yikes.

Posted by Justin Jones • Permalink

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